Hercules Metals Corp (BIG) Financings
TSXV: BIG · Copper · Exploration stage
- Market cap$347.0M
- Share price$0.990
- 52-week range$0.520 – $1.62
- Shares outstanding350,485,782
- ExchangeTSXV
- Websiteherculesmetals.com
Hercules Metals Corp. is a U.S.-focused mineral exploration company advancing the 100%-owned Hercules Project in the heart of America's newest porphyry copper district, in western Idaho. The Hercules Project hosts the newly discovered Leviathan porphyry copper system, one of the most important new discoveries in the country to date. Leviathan is a large and growing porphyry copper system discovered by Hercules in 2023. The initial discovery hole intersected 185 metres grading 0.84% copper, 111 ppm molybdenum and 2.6 g/t silver, including 45 metres grading 1.94% copper. Subsequent drilling has demonstrated mineralization as shallow as 72 metres depth in the eastern portion of the deposit, with a mineralized envelope that remains open in multiple directions. The Hercules Project forms part of a 73-kilometre copper belt across which the Company controls more than 100,000 acres of prospective mineral rights. Hercules is conducting systematic definition drilling at Leviathan and exploration drilling to identify additional porphyry centres.
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Hercules Metals Corp financial statements
Key figures read from 28 of 28 financial statement filings, Apr 28, 2020 to Aug 19, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$10,532,346 | C$608,283 | C$12,723,946 | C$1,802,284 | C$1,835,699 |
| Short-term investments | C$0 | C$8,709,372 | C$11,854,531 | — | — |
| Total current assets | C$10,722,816 | C$9,567,150 | C$25,087,641 | — | — |
| Property, plant and equipment | C$812,009 | C$974,801 | C$34,476 | — | — |
| Total assets | C$13,796,315 | C$12,124,741 | C$25,849,547 | C$1,975,573 | C$1,883,717 |
| Total liabilities | C$1,179,510 | C$744,442 | C$504,930 | C$517,209 | C$133,810 |
| Shareholders' equity | C$12,616,805 | C$11,380,299 | C$25,344,617 | C$1,458,364 | C$1,749,907 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$17,695,528 | C$16,550,087 | C$7,340,425 | (C$1,008,024) | (C$4,218,910) |
| General and administrative | C$935,643 | C$1,723,839 | C$1,035,344 | (C$1,122,650) | (C$1,359,282) |
| Share-based compensation | C$853,193 | C$1,797,163 | C$692,549 | (C$771,938) | — |
| Net income (loss) | (C$19,893,612) | (C$18,982,455) | (C$9,694,688) | (C$3,295,324) | (C$7,080,949) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$16,940,938) | (C$18,056,595) | (C$9,259,610) | (C$2,265,258) | (C$1,260,430) |
| Investing cash flow | C$8,602,927 | C$2,871,146 | (C$12,707,120) | C$0 | (C$112,960) |
| Financing cash flow | C$18,140,561 | C$3,196,456 | C$33,058,536 | C$2,231,843 | (C$2,517,668) |
| Change in cash | C$9,802,550 | (C$11,988,993) | C$11,091,806 | (C$33,415) | C$1,144,278 |
| Cash at end of period | C$10,532,346 | C$608,283 | C$12,723,946 | C$1,802,284 | C$1,835,699 |
Hercules Metals Corp financings
3 financings announced or closed by Hercules Metals Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-10-22 | Hercules Metals Corp (BIG) | Private placement, bought deal | Upsized | $45.0M | $0.870 | Hercules Metals Announces $30 Million "Bought Deal" Private Placement of Common Shares |
| 2026-07-30 | Hercules Metals Corp (BIG) | Private placement, non-brokered | Closed, 1 tranche | $4.5M | $0.620 | Hercules Metals Incoming Management Team to Invest C$4.5 million in Non-Brokered Private Placement |
| 2026-05-05 | Hercules Metals Corp (BIG) | LIFE offering, bought deal | Closed, 1 tranche | $31.5M | $0.590 | Hercules Metals Announces C$23.2 Million Bought Deal Financing and Concurrent Private Placement |